The forecast for the manufacture of electronic components and boards in the UK shows a declining trend from 2024 to 2028, starting at £2.64 billion in 2024 and decreasing annually to £2.53 billion in 2028. In 2023, the actual production value stood at £2.67 billion. The year-on-year decreases from 2024 to 2028 highlight a steady decline in production levels, with reductions of approximately 1% per annum. The compound annual growth rate (CAGR) over this period underscores a consistent negative trend, averaging a decrease of around 0.8% per year over five years.

Future trends to watch for:

Impact of global supply chain disruptions on production capacity.
Technological advancements potentially reversing the decline through new innovations.
Government initiatives and policies aimed at boosting the electronics sector.
Variations in consumer demand influenced by emerging electronics markets.